SS&H Financial Advisors Inc. Has $3.02 Million Stock Holdings in AT&T Inc. (NYSE:T)

SS&H Financial Advisors Inc. decreased its stake in AT&T Inc. (NYSE:T) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 132,780 shares of the technology company’s stock after selling 1,000 shares during the quarter. AT&T accounts for about 1.1% of SS&H Financial Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding. SS&H Financial Advisors Inc.’s holdings in AT&T were worth $3,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of T. Davidson Kempner Capital Management LP purchased a new stake in shares of AT&T in the second quarter valued at $23,888,000. International Assets Investment Management LLC acquired a new position in AT&T during the fourth quarter valued at $14,700,000. Swiss National Bank lifted its stake in AT&T by 0.5% in the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock worth $468,217,000 after acquiring an additional 104,700 shares in the last quarter. Franklin Resources Inc. boosted its position in AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after acquiring an additional 2,326,904 shares during the period. Finally, Caprock Group LLC grew its stake in AT&T by 18.3% during the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after acquiring an additional 30,281 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock opened at $21.80 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The firm has a fifty day simple moving average of $22.80 and a 200-day simple moving average of $21.28. The stock has a market capitalization of $156.42 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 3.60 and a beta of 0.59. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter last year, the firm posted $0.64 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. On average, sell-side analysts expect that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 5.09%. AT&T’s payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of research analyst reports. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $22.00 to $26.00 in a research report on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Oppenheimer started coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. Finally, Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.76.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.